Marine Petroleum Trust (NASDAQ:MARPS – Get Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.28 and traded as low as $7.20. Marine Petroleum Trust shares last traded at $7.36, with a volume of 1,291 shares traded.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Marine Petroleum Trust in a research report on Wednesday. They set a “hold” rating on the stock.
Marine Petroleum Trust Stock Performance
The firm’s 50 day moving average is $7.73 and its 200 day moving average is $8.28.
Marine Petroleum Trust Cuts Dividend
Hedge Funds Weigh In On Marine Petroleum Trust
A hedge fund recently bought a new stake in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned 1.80% of Marine Petroleum Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 3.47% of the company’s stock.
About Marine Petroleum Trust
Marine Petroleum Trust operates as a royalty trust. It engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. The company was founded on June 1, 1956 and is headquartered in Dallas, TX.
- Get a free copy of the StockNews.com research report on Marine Petroleum Trust (MARPS)
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